ADES Q3 consumables revenue $29.8M (+5% YoY); gross margin improves to 30.6% from 24.1%; Adjusted EBITDA positive $0.9M

Arq, Inc.

2023-Q3 EPS reported -$0.56 revenue$71,079,000

Consumables revenue $29.8M (Q3 2023) vs $28.4M (Q3 2022); net loss narrowed to $2.2M from $2.4M.
Consumables gross margin 30.6% vs 24.1% in prior year; driven by higher selling prices and product mix.
Consolidated Adjusted EBITDA $0.9M vs -$0.5M (prior year); year-to-date Adj. EBITDA loss $9.8M (includes $4.9M Arq transaction costs).
Appointed Jeremy "Deke" Williamson as COO effective Sep 18, 2023.
Capex guidance $35-40M for 2023; received air permit and started phase one construction at Red River for granular activated carbon.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arq, Inc. reported the quarter ended September 30, 2023 results: revenue $29.8 million, net income $2.2 million.

Period: the quarter ended September 30, 2023
Revenue: $29.8 million
Net income: $2.2 million
Result: reported results

Exact text from the filing

Third quarter consumables revenue was $29.8 million compared to $28.4 million in the prior year period.

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Arq, Inc. filing history →

Source: SEC EDGAR

accession 0001515156-23-000134

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